US EditionElon Musk Says He's Formed a New Political Party. But It's Not Clear if He Actually Has
- Elon Musk announced the formation of the America Party on July 5, 2025, vowing to support Bitcoin and calling fiat currency 'hopeless' in his official statement.
- Following his poll on X platform, Elon Musk's formation of the America Party was driven by public support and fallout over Trump's $5 trillion Big Beautiful Bill, with Tesla's Bitcoin holdings reinforcing his commitment.
- Tesla holds 11,509 BTC worth about $1.26 billion, SpaceX owns 8,285 BTC roughly $1 billion, and Bitcoin's price increased from $108,735 to $109,361.
- Following Musk's announcement, Bitcoin surged 38%, Trump criticized the party, and plans target key congressional races.
- Having filed with the Federal Election Commission on July 6, 2025, the America Party aims to influence 2026 congressional races by positioning Bitcoin as a central policy focus.
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Los Angeles Times+2 Reposted by 2 other sources
Elon Musk has said he has formed a new political party, but it's unclear what steps—if any—he has taken to do so, or how this effort might affect the upcoming U.S. elections.
·Los Angeles, United States
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Elon Musk indicates his new political party will be pro-gun, pro-bitcoin: 'The Second Amendment is sacred'
Business magnate Elon Musk, who has become a political power player, indicated that the America Party he is launching will be pro-bitcoin and pro-Second Amendment
·New York, United States
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Total News Sources118
Leaning Left14Leaning Right6Center48Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 21%
C 71%
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